Medtronic Plc is the leading contributor to the global electronic skin patches market. The company’s contribution was valued to be 25.76% of the global market revenue. Medtronic Plc is involved in various synergistic activities such as agreements, partnerships, and product launches, which strengthen its position in the market. In addition, DexCom, Incis the second leading contributor to the global electronic skin patches market. The company’s contribution was valued to be 15.87% of the global market revenue, owing to novel product launches. The other prominent companies contributing to the global electronic skin patches market are Abbott Laboratories, Insulet Corporation, Koninklijke Philips N.V., and iRhythm Technologies, Inc., among others. Abbott Laboratories, with its Free Style line of blood glucose monitoring systems, occupied a market share of 12.79% of the global electronic skin patches market.
The introduction and proliferation of bio-based ingredients in several industries, such as food and beverage, pharmaceuticals, and cosmetics, has been transforming the manufacturing landscape since 2000. Growing consumer inclination toward the adoption of bio-based products due to rising health and environmental concerns is driving the demand for bio-based ingredients in the cosmetics and personal care products. Besides, awareness among consumers regarding the harmful effects of synthetic ingredients chemicals has grown rapidly over the past years. In addition, the availability of green raw materials has also urged large cosmetic firms to develop bio-based cosmetic products. However, limited availability of raw material, due to erratic weather conditions and stringent environmental regulations, can pose substantial hurdles in the production of bio-based ingredients. Thus, leading companies have been focusing on developing new and sustainable ways of producing the ingredi...
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